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Achieving Development SuccessStrategies and Lessons from the Developing World$
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Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

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Democracy, Diversity, and Development: India’s Strategy and Outcomes

Democracy, Diversity, and Development: India’s Strategy and Outcomes

Chapter:
(p.132) (p.133) 7 Democracy, Diversity, and Development: India’s Strategy and Outcomes
Source:
Achieving Development Success
Author(s):

Nirvikar Singh

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0007

This study examines India’s development strategy, and to what extent it may be considered a success. It provides a brief history of why and how the strategy was adopted, as well as of its implementation, including the role of initial conditions, such as human capital, geographical location, and infrastructure. It analyses the extent and reasons for success of the strategy, including policy, political economy, timing, and linkage of the strategy to economy-wide development. Particular attention is given to the relative roles of domestic and international actors, including the part played by foreign investment, trade, and other dimensions of openness. It concludes with possible lessons for other countries and their future development strategies.

Keywords:   India, development strategy, initial conditions, human capital, foreign investment, trade

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